Elbit Systems Ltd. (NASDAQ:ESLT) to Issue Quarterly Dividend of $1.00

Elbit Systems Ltd. (NASDAQ:ESLT) declared a quarterly dividend on Monday, May 25th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 1.00 per share by the aerospace company on Monday, July 6th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, June 23rd.

Elbit Systems has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Elbit Systems has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Elbit Systems to earn $18.55 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 17.9%.

Elbit Systems Stock Performance

ESLT stock opened at $788.23 on Friday. Elbit Systems has a 1-year low of $415.90 and a 1-year high of $1,016.06. The firm has a market cap of $35.04 billion, a P/E ratio of 63.82, a P/E/G ratio of 3.36 and a beta of 0.14. The business’s 50 day moving average is $833.04 and its 200-day moving average is $756.85. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.89. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Elbit Systems had a return on equity of 16.15% and a net margin of 7.14%. Equities analysts anticipate that Elbit Systems will post 15.23 earnings per share for the current fiscal year.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.